Banco Santander, S.A. (NYSE:SAN) Stock Position Lessened by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC decreased its holdings in Banco Santander, S.A. (NYSE:SAN) by 13.9% in the 1st quarter, HoldingsChannel reports. The firm owned 20,356 shares of the bank’s stock after selling 3,277 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Banco Santander were worth $98,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of SAN. Advisors Asset Management Inc. boosted its stake in Banco Santander by 2.8% during the first quarter. Advisors Asset Management Inc. now owns 81,357 shares of the bank’s stock valued at $394,000 after buying an additional 2,248 shares in the last quarter. Sage Rhino Capital LLC lifted its holdings in shares of Banco Santander by 5.1% during the first quarter. Sage Rhino Capital LLC now owns 51,175 shares of the bank’s stock valued at $248,000 after purchasing an additional 2,485 shares during the last quarter. OLD National Bancorp IN lifted its holdings in shares of Banco Santander by 7.2% during the fourth quarter. OLD National Bancorp IN now owns 40,521 shares of the bank’s stock valued at $168,000 after purchasing an additional 2,739 shares during the last quarter. Seven Mile Advisory lifted its holdings in shares of Banco Santander by 8.5% during the fourth quarter. Seven Mile Advisory now owns 35,054 shares of the bank’s stock valued at $145,000 after purchasing an additional 2,751 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Banco Santander by 7.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 42,345 shares of the bank’s stock valued at $175,000 after purchasing an additional 2,804 shares during the last quarter. Institutional investors own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Banco Santander from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd.

Banco Santander Price Performance

Banco Santander stock traded up $0.01 during mid-day trading on Tuesday, hitting $4.38. The company’s stock had a trading volume of 2,557,766 shares, compared to its average volume of 2,796,305. The firm’s 50 day moving average is $4.83 and its 200 day moving average is $4.64. The company has a market cap of $69.32 billion, a PE ratio of 6.09, a price-to-earnings-growth ratio of 0.35 and a beta of 1.16. Banco Santander, S.A. has a 52-week low of $3.52 and a 52-week high of $5.27.

About Banco Santander

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.